Oppenheimer Begins Coverage on Dover (NYSE:DOV). What’s Next?

How Oppenheimer Currently Rates Dover (NYSE:DOV)

New York: Dover (NYSE:DOV) coverage was started with a Perform rating by analysts at Oppenheimer. This was issued to clients in a recent report on Friday, 4 December.

From a total of 16 analysts covering Dover (NYSE:DOV) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 10 a ”Hold”. This means that 35% of the ratings are positive. The highest target price is $75 while the lowest target price is $53. The mean of all analyst targets is $66.13 with a 3.66% above today’s ($64.74) stock price. Dover was the topic of 19 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. SunTrust initiated shares on November 3 with “Buy” rating. Suntrust Robinson initiated DOV stock in a recent report from November 3 with “Buy” rating. Finally, Vertical Research upgraded the stock to “Sell” rating in a report issued on an August 26.

Approximately 360,782 shares of stock traded hands. Dover Corp (NYSE:DOV) has declined 12.81% since May 1, 2015 and is downtrending. It has underperformed by 10.03% the S&P500.

Dover Corporation is engaged in the manufacturing of equipment, components and specialty systems. The company has a market cap of $10.17 billion. The Firm also provides supporting engineering, testing and other services. It has 16.55 P/E ratio. The Firm operates through four business divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.